Chesapeake Lodging amends credit pact to cut borrowing costs, extend maturity [Seeking Alpha]
CHESAPEAKE LODGING TRUST (CHSP)
Last chesapeake lodging trust earnings: 8/1 07:30 am
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Source: Seeking Alpha
Chesapeake Lodging amends credit pact to cut borrowing costs, extend maturityChesapeake Lodging Trust (NYSE:CHSP) amends credit agreement to extend initial maturity to May 2022 and lower the interest rate spread over LIBOR charged on outstanding borrowings under the revolving credit line.The maximum borrowing amount remains at $300M, but provides for possible further increases up to a maximum of $450M.Interest rate spread reduced to LIBOR +1.45%-2.20%.Source:Press ReleasePreviously:Chesapeake Lodging Trust EPS in-line, beats on revenue (May 1)Click to subscribe to real-time analytics on CHSPNow read:Drive For Show, And Putt For Dough »
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